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XMRUST trade ideas

ALT Coins Close to Large Bounce MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space. If ALTs can hold this Level we should see a large bounce ------------------------------------------------------------------------------------------------------------------------------------------------------------ If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by MartyBoots
5
XMR Analysis of 4y Monero Price Movement and Yearly ExpectationsMonero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity! Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart. Today we will look at the XMRUSD chart on a 3D timeframe, touching the previous 4 years of trading and try to look into the future for a year) In December 2017, the maximum value of Monero was established - $478 . After that, XMR holders had a difficult 3 years (1 year of decline + 2 years of consolidation at the bottom) + 1 year of growth. And now, after +/-1230 days. At the beginning of May 2021, the price of XMRUSDT was able to renew the maximum , setting it at a new level of $519 But literally, a few days later, it became clear that this was just a false breakout of an important level. And already on May 19, when the entire cryptocurrency market was fall, it became clearly visible on the XMRUSD chart at what price XMR investors are ready to buy this asset in addition. The mirrored level of $115-125 has shown its importance 4 times over the past 4 years. In the fall of May, it was from there that an aggressive buyout took place. The drop of Monero was -75%, which is higher than the average in the crypto market during this period. However, there is also a positive factor. Today, when the price of BTCUSD is again dropping towards the critical 30K$ and most of the alts are surpassing BTC in the rate of decline, and some are even preparing to renew the minimum of the last month, the price of XMRUSDT is being held with dignity, long-term investors are not selling yet. What we saw on the chart makes us think and assume that the price of XMRUSD will most likely not fall below the critical zone of $152-162. In this case, a global pattern can be formed on the chart to continue the " Cup with a handle" trend. The upper target of such a figure, after fixing above $500 , will be around $1800 per XMR. It is also always worth keeping in mind an alternative scenario in case the price of BTCUSDT will drop below $28,000 in the near future and continue to move down, then altcoins will not be able to resist this trend. In this case, the global zone for buying Monero for the long-term long will be at the range of $50-80 Write in the comments which scenario of price movement you prefer, and what developments you expect. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
X
by P_S_trade
31
🔥 XMR Triangle Break Out SoonOver the course of a week or so, XMR has formed a triangle, clearly visible on the H1 chart. Currently, the price is trading very close to the top resistance of the triangle, potentially breaking out on the top side. The next move is highly correlated to BTC. We're currently seeing a bullish reversal from BTC, which naturally means that the alts will follow. However, if bears will take over today/tomorrow, expect XMR to fall, potentially fall through the bottom support of the triangle. Keep an eye on this one. A break out could lead to a massive move in either direction. Always look at BTC as well when trading alts. Happy trading!
X
by FieryTrading
2
🔥 XMR Horizontal Channel ContinuedXMR has been trading inside this channel for over two weeks now, ranging between ~230 and ~280. During BTC's fall recently, XMR has been trading relatively steady without losing too much value. With XMR failing to stay above the 280 resistance, the most recent bearish move from BTC might actually send the price downwards towards the channel support. Keep a close eye on the 260 support area, which has currently been holding. Always keep an eye on BTC when trading alts. Happy trading!
XShort
by FieryTrading
10
🔥 XMR Bearish Channel ContinuationOver the last few days, XMR has produced a bearish channel on its chart. With BTC slightly reversing in the last couple of hours, a lot of alts are seeing a bounce right now. In my view, this bounce is temporary, we will soon continue the down trend as per my most recent BTC analysis. The top of the channel would be a great place to enter any potential shorts on this pair. Trade with caution. BTC can move very erratic and will take the market with it, any direction. Happy trading!
XShort
by FieryTrading
16